17 CFR 204.60 – Purpose
Current as of: 2024 | Check for updates
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This subpart provides procedures for the Commission to collect money from a debtor’s disposable pay by means of administrative wage garnishment to satisfy a delinquent nontax debt owed to the United States.
Terms Used In 17 CFR 204.60
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor